Kinross Gold Corporation (NYSE:KGC) is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.21 per share.
For the full year, analysts predict revenues of $ 4224.28 million, while looking forward to income of $ 0.70 per share.
Previous Quarter Performance
Kinross Gold Corporation recorded income for the second quarter of $ 0.15 per share, from the revenue of $ 1,007.00 million. The consensus estimates are income of $ 0.12 per share from $ 1000.00 million in revenue. The bottom line results beat street analysts by $ 0.03 or 25.00 percent, at the same time, top line results outshined analysts by $ 7.00 million or 0.70 percent.
Stock Performance
Shares of Kinross Gold Corporation traded up $ 0.02 or 0.24 percent on Tuesday, reaching $ 8.22 with volume of 9.67 million shares. Kinross Gold Corporation has traded high as $ 8.33 and has cracked $ 8.13 on the downward trend
According to the previous trading day, closing price of $ 8.22, representing a 201.47 % increase from the 52 week low of $ 2.72 and a 20.54 % decrease over the 52 week high of $ 10.32.
The company has a market capital of $ 10.23 billion and is part of the Basic Materials sector and Gold industry.
Recent Analyst recommendations
- On 18th September 2020, upgraded by BMO Capital Markets to Outperform from Market Perform rating.
- On 18th September 2020, maintained by Scotiabank at Sector Outperform rating, with $ 11.00 target price.
- On 18th September 2020, maintained by TD Securities at Buy rating, with $ 13.00 target price.
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver. As of December 31, 2018, its proven and probable mineral reserves included approximately 25.5 million ounces of gold, as well as 53.9 million ounces of silver.
